2013
DOI: 10.1016/j.jbusres.2013.02.023
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Heterogeneous effect of high-tech industrial R&D spending on economic growth

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Cited by 52 publications
(29 citation statements)
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“…Because quantile regression simultaneously estimates multiple rates of change, this method can depict a more complete picture of relationships between variables than OLS regression method does (Koenker & Bassett, 1978). Wang, Yu, and Liu (2013), Yu (2011), andWu (2015) apply quantile regressions to provide better analysis results for R&D spending, ICT adoption, and health expenditure.…”
Section: Methodsmentioning
confidence: 99%
“…Because quantile regression simultaneously estimates multiple rates of change, this method can depict a more complete picture of relationships between variables than OLS regression method does (Koenker & Bassett, 1978). Wang, Yu, and Liu (2013), Yu (2011), andWu (2015) apply quantile regressions to provide better analysis results for R&D spending, ICT adoption, and health expenditure.…”
Section: Methodsmentioning
confidence: 99%
“…Hence, Research and Development investment increases the probability of satisfying a higher standard of technology in firms and regions, which would allow them to introduce new and superior products and/or processes, resulting in higher levels of income and growth (Bayarçelik and Taşel, 2007). On the other hand studies, which are analyzing the relationship between R&D and economic growth, found that there is a strong positive relation among R&D and economic growth (Inekwe, 2014;Gocer, 2013;Wang, et al 2013;Gülmez, 2012). As well Güloğlu and his colleagues (2012) investigate the causality relation between R&D expenditure, innovation and economic development in 13 high-income OECD economies.…”
Section: Research and Development (Randd)mentioning
confidence: 99%
“…Innovative initiatives, especially R&D activities, are the important parts of productivity growth (Griliches, 1981;Sadeghi, Azar, & Sepehri Rad, 2012;Stokey, 1995;Wang & Wu, 2012;Wang, Yu, & Liu, 2013) and since the mid-1990s -at the same time as the information technology revolution -high-tech industries have been playing a significant role in economic development (Griliches & Mairesse, 1984;Lichtenberg, 1992;Nadiri, 1993;Ortega-Argilés, Piva, Potters, & Vivarelli, 2010;Tsai & Wang, 2004;Wang et al, 2013).…”
Section: Introductionmentioning
confidence: 99%